J.P. Morgan this week began taking subscriptions for a new global mutual fund, which will invest in what the bank deems the "50 best stock ideas" from around the world.

The J.P. Morgan Global 50 Equity Fund, due to be rolled out May 29, will track 50 stocks chosen from among 2,500 companies in both developed and emerging markets, said George Gatch, a J.P. Morgan managing director and head of its U.S. mutual fund business.

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